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Question 3 : A government of Canada 3 6 4 - day T - bill with a face value ( maturity value ) of $

Question 3: A government of Canada 364-day T-bill with a face value (maturity value) of $100,000 waspurchased on the issue date of March 3rd,2024, at a yield (market rate) of 4.71%.a) What was the purchase price of the T-bill?b) The T-bill was sold on October 15th,2024, for $98,100.98. Determine the yield rate on October 15th.c) Determine the amount of profit earned by the seller.d) Determine the rate of return realized by the seller over this holding period

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